Short Interest in AMC Entertainment Holdings, Inc. (NYSE:AMC) Expands By 7.3%

AMC Entertainment Holdings, Inc. (NYSE:AMC - Get Free Report) was the target of a large increase in short interest during the month of December. As of December 15th, there was short interest totalling 53,050,000 shares, an increase of 7.3% from the November 30th total of 49,460,000 shares. Approximately 14.0% of the company's stock are short sold. Based on an average daily volume of 12,570,000 shares, the short-interest ratio is presently 4.2 days.

Analyst Upgrades and Downgrades

AMC has been the topic of several analyst reports. Benchmark reissued a "hold" rating on shares of AMC Entertainment in a research report on Thursday, November 7th. StockNews.com raised AMC Entertainment to a "sell" rating in a report on Tuesday, November 12th. Macquarie restated an "underperform" rating and issued a $4.00 price objective on shares of AMC Entertainment in a research note on Wednesday, November 13th. Finally, B. Riley decreased their target price on AMC Entertainment from $8.00 to $6.00 and set a "neutral" rating for the company in a research note on Thursday, November 7th. Four research analysts have rated the stock with a sell rating and three have given a hold rating to the company. According to data from MarketBeat, the company has an average rating of "Reduce" and an average price target of $5.44.

AMC Entertainment Trading Up 0.3 %

Shares of AMC Entertainment stock traded up $0.01 during trading on Wednesday, reaching $3.98. The company's stock had a trading volume of 10,000,421 shares, compared to its average volume of 24,922,385. AMC Entertainment has a one year low of $2.38 and a one year high of $11.88. The stock has a market capitalization of $1.50 billion, a P/E ratio of -2.47 and a beta of 1.85. The stock has a 50-day moving average price of $4.43 and a two-hundred day moving average price of $4.69.

AMC Entertainment (NYSE:AMC - Get Free Report) last announced its quarterly earnings data on Wednesday, November 6th. The company reported ($0.04) EPS for the quarter, topping analysts' consensus estimates of ($0.07) by $0.03. The company had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.33 billion. During the same period last year, the firm earned ($0.09) earnings per share. The firm's revenue for the quarter was down 4.1% on a year-over-year basis. As a group, sell-side analysts anticipate that AMC Entertainment will post -1.41 EPS for the current fiscal year.

Institutional Trading of AMC Entertainment

A number of institutional investors and hedge funds have recently modified their holdings of AMC. KBC Group NV bought a new position in AMC Entertainment during the third quarter worth about $37,000. Creative Planning bought a new position in shares of AMC Entertainment during the third quarter worth about $48,000. Amalgamated Bank boosted its holdings in AMC Entertainment by 31.5% during the third quarter. Amalgamated Bank now owns 11,568 shares of the company's stock worth $53,000 after purchasing an additional 2,771 shares during the last quarter. Burns Matteson Capital Management LLC bought a new position in AMC Entertainment in the third quarter valued at $55,000. Finally, Private Advisor Group LLC lifted its position in AMC Entertainment by 27.5% during the 3rd quarter. Private Advisor Group LLC now owns 15,011 shares of the company's stock worth $68,000 after buying an additional 3,237 shares in the last quarter. 28.80% of the stock is owned by institutional investors.

About AMC Entertainment

AMC Entertainment Holdings, Inc, through its subsidiaries, engages in the theatrical exhibition business. It owns, operates, or has interests in theatres in the United States and Europe. The company was founded in 1920 and is headquartered in Leawood, Kansas.